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RECITALS:
RESOLUTION NO.1501
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN
1.The LI.D.#56 Fund 756 is an LI.D.assessment account authorized by Ordinance #1338 ordering
LI.D.#56 within the budget and account reporting system of the City of Moses Lake.
2. The present cash balance is not sufficient to meet the expenses of this account.
RESOLVED:
1.The General Fund #000 shall loan an additional $30,000 to the LI.D.#56 Fund #756,at an interest
rate of 8.5%per annum.
2. The loaned funds shall be used to pay current and future bills of Fund #56.
3. The loan shall be repaid to the General Fund #000 from assessment bond proceeds which accrue
to Fund #456.
Adopted by the City Council on September 12,1989
ATTESff: